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Market News

  • IFC to support solar projects

    Posted on :Thursday , 5th February 2015

     The International Finance Corporation (IFC) has announced new financing to help expand the reach of Off Grid Electric in rural areas and urban centres.

     
    IFC is an international financial institution that offers investment, advisory and asset management services to encourage private sector development in developing countries.
     
    The I. . .

  • East Africa�s First Utility-Scale Solar Field BoostsDevelopment

    Posted on :Friday , 30th January 2015

     Rwanda’s Minister of Infrastructure, James Musoni, and the Chief of Staff of the U.S. Government’s Overseas Private Investment Corporation (OPIC), John Morton, will lead the ribbon-cutting on Thursday, February 5, at 12:30pm of the 8.5 Megawatt solar field at the Agahozo-Shalom Youth Village, and will be joined by international representatives of the partners that developed th. . .

  • Italians win Uganda Solar Energy project

    Posted on :Tuesday , 27th January 2015

    A Ugandan-Italian consortium Simba Telecom/Building Energy SPA and the consortium of Access/TSK Electronica of United Arab Emirates and Spain will invest $38million in two Solar Power Energy projects in Eastern Uganda.

     
    The two consortium companies will generate 20MW of electricity, each generating 10MW in Soroti and Tororo districts in Eastern Uganda.
    &n. . .

  • Consortium to invest US$ 38m in solar power projects in Eastern Uganda

    Posted on :Thursday , 22nd January 2015

     A 20MW solar power plant worth US$ 38m will be constructed in Eastern Uganda to aid in the generation of electricity in Soroti and Tororo districts.

     
    A Ugandan-Italian consortium involving Simba Telecom and Building Energy SPA and the consortium of Access and TSK Electronica of United Arab Emirates and Spain have decided to invest in this electricity generation. . .

  • Solarcentury launches commerical solar arm for East Africa

    Posted on :Wednesday , 21st January 2015

    Global PV developer, Solarcentury, is formalising its growing operation in East Africa by joining forces with Kenyan firm, East African Solar, to form Solarcentury in East Africa.

    The new company will deliver solar projects throughout East Africa, where solar is emerging as a promising alternative to expensive diesel-generated power.

    Both companies have solid experience of the. . .

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